{"id":2603,"date":"2021-08-09T14:47:51","date_gmt":"2021-08-09T09:17:51","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=2603"},"modified":"2023-01-11T08:22:06","modified_gmt":"2023-01-11T02:52:06","slug":"vehicle-retail-sales-jumps-34-in-july-says-fada","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/vehicle-retail-sales-jumps-34-in-july-says-fada\/","title":{"rendered":"Vehicle retail sales jump 34% in July, says FADA"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2603\" class=\"elementor elementor-2603\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b125067 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b125067\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9a3108b\" data-id=\"9a3108b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d48871f elementor-widget elementor-widget-text-editor\" data-id=\"d48871f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The vehicle retail sales across all categories in July 2021 rose 34.12% to 15.56 lakh units, from 11.60 lakh units in the year-ago period, according to data released by Federation of Automobile Dealers Associations (FADA).\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Commercial vehicle segment grew at the fastest rate of 165.94% in July compared to other categories with medium commercial vehicles and heavy commercial vehicles dominating the space.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Three-wheeler vehicle segment grew at a rate of 83% in July, the second fastest segment, compared to the corresponding period last year.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">Demand for passenger vehicles growth rate of 63% in July was boosted by new launches. However, supply side constraints and global semi-conductor shortage is having a negative impact on the segment. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17d86ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17d86ab\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d6e51b\" data-id=\"1d6e51b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82da7f1 elementor-widget elementor-widget-image\" data-id=\"82da7f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"411\" height=\"306\" src=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/08\/fada-auto.jpg\" class=\"attachment-large size-large wp-image-2604\" alt=\"\" srcset=\"https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/08\/fada-auto.jpg 411w, https:\/\/flattrade.in\/kosh\/wp-content\/uploads\/2021\/08\/fada-auto-300x223.jpg 300w\" sizes=\"(max-width: 411px) 100vw, 411px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-327d3b5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"327d3b5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eef9f24\" data-id=\"eef9f24\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b9e6cac elementor-widget elementor-widget-text-editor\" data-id=\"b9e6cac\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The two-wheeler category continued to see good numbers, but the growth rate was capped as disposable incomes fell and the second-wave of the pandemic affected rural markets. Tractor retail sales were above pre-covid levels at 82,388 units in July 2021, compared with 55,543 units in July 2019. On a year-on-year basis tractor sales rose 6.6%.\u00a0\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">In the near term, FADA has a positive outlook on the auto sector as the sales numbers looked good in the first week of August, helped by improving demand and enquiries. It also expects the tractor segment to perform well in the months of August and September as agriculture activities pick up on the back of IMD forecasting a normal monsoon.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"The vehicle retail sales across all categories in July 2021 rose 34.12% to 15.56 lakh units, from 11.60&hellip;","protected":false},"author":5,"featured_media":2612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[65],"tags":[],"class_list":{"0":"post-2603","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry","8":"cs-entry","9":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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